Crypto Exchange Coinbase Faces Phishing Scams and Security Breaches

Scammers Exploit Coinbase's Domain in Phishing Attacks, Users Report

Twitter users have reported security incidents involving the popular crypto exchange Coinbase, including scammers using the company's domain name. One user received texts and emails from fraudsters posing as Coinbase, who obtained personal information and documents. Another victim claimed that a hacker posing as a Coinbase employee stole their crypto after an actual Coinbase employee authenticated the hacker. The incidents follow a similar pattern, where scammers contact users, claim a security issue, and send phishing emails. Coinbase has urged customers to be cautious and has dedicated security resources to educate users on preventing such attacks. Experts advise using strong passwords and enabling two-factor authentication.